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BUZZ HPC Expands AI Capabilities with New NVIDIA Hopper GPU Cluster

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BUZZ HPC Expands AI Capabilities with New NVIDIA Hopper GPU Cluster

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HIVE Digital Technologies ( (TSE:HIVE) ) just unveiled an update.

BUZZ High Performance Computing, a subsidiary of HIVE Digital Technologies, has launched a new NVIDIA Hopper GPU cluster in Quebec, enhancing its position as a leading Canadian sovereign AI cloud provider. This expansion reflects growing demand for domestic AI capacity and supports sectors such as generative AI, autonomous systems, and genomic medicine. The company is committed to fostering innovation by offering free and subsidized HPC credits to Canadian entities, thereby reducing barriers to accessing advanced computing power.

The most recent analyst rating on (TSE:HIVE) stock is a Buy with a C$7.50 price target. To see the full list of analyst forecasts on HIVE Digital Technologies stock, see the TSE:HIVE Stock Forecast page.

Spark’s Take on TSE:HIVE Stock

According to Spark, TipRanks’ AI Analyst, TSE:HIVE is a Neutral.

HIVE Digital Technologies is facing significant financial difficulties, with negative earnings and cash flow issues being primary concerns. Despite these challenges, strategic expansions and growth plans, particularly in Paraguay, offer potential for improvement. Technical analysis shows bearish trends, and valuation remains a concern due to ongoing losses. While growth initiatives provide some optimism, investors should remain cautious.

To see Spark’s full report on TSE:HIVE stock, click here.

More about HIVE Digital Technologies

HIVE Digital Technologies, through its subsidiary BUZZ High Performance Computing (BUZZ HPC), operates in the high-performance computing and artificial intelligence (AI) industry. The company provides advanced GPU clusters for AI applications and supports a global community of startups, universities, and research teams. BUZZ HPC emphasizes Canadian sovereignty by keeping its infrastructure and data within Canada and powers its data centers with renewable hydroelectric energy.

Average Trading Volume: 758,859

Technical Sentiment Signal: Sell

Current Market Cap: C$429.1M

Find detailed analytics on HIVE stock on TipRanks’ Stock Analysis page.

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